PUBLISHER: Persistence Market Research | PRODUCT CODE: 1585098
PUBLISHER: Persistence Market Research | PRODUCT CODE: 1585098
Digital Commerce Applications Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031
Persistence Market Research has recently released a comprehensive report on the worldwide market for Digital Commerce Applications. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global digital commerce applications market from 2024 to 2031.
Key Insights:
- Digital Commerce Applications Market Size (2024E): US$ 9.5 Bn
- Projected Market Value (2031F): US$ 23.2 Bn
- Global Market Growth Rate (CAGR 2024 to 2031): 13.6%
Digital Commerce Applications Market - Report Scope:
Digital commerce applications encompass a range of software and platforms that enable businesses to conduct online sales, manage transactions, and enhance customer engagement through digital channels. These applications include e-commerce platforms, payment processing solutions, and customer experience management tools. The digital commerce applications market serves various industries, such as retail, healthcare, BFSI, and consumer goods, which use these solutions to improve operational efficiency and drive sales. The market's growth is fueled by increasing consumer preference for online shopping, rapid technological advancements in payment systems, and the widespread adoption of mobile and web applications. Additionally, the rise of omnichannel strategies and the demand for personalized shopping experiences are significant factors boosting market expansion.
Market Growth Drivers:
The global digital commerce applications market is propelled by several key factors, including the ongoing digital transformation across industries and the shift in consumer behavior toward online shopping. The increased adoption of mobile commerce, or m-commerce, is further driving demand for robust and secure digital commerce solutions. Additionally, the integration of artificial intelligence (AI) and machine learning (ML) in e-commerce platforms enables companies to offer tailored experiences, optimize supply chains, and improve customer satisfaction. The rising penetration of smartphones, coupled with improved internet connectivity worldwide, also supports market growth.
Market Restraints:
Despite promising growth prospects, the digital commerce applications market faces challenges related to data security and privacy concerns, as these platforms handle sensitive customer and financial data. Regulatory compliance with data protection laws, such as GDPR and CCPA, adds operational complexity and increases costs for businesses. Moreover, the high costs associated with implementing and maintaining digital commerce solutions can act as a deterrent for small and medium enterprises (SMEs) seeking to enter the market.
Market Opportunities:
The digital commerce applications market presents significant growth opportunities fueled by advancements in AI, big data, and predictive analytics, which enhance customer engagement and operational efficiency. The rising demand for cloud-based e-commerce solutions offers scalability and flexibility, making these applications attractive for businesses of all sizes. Additionally, the growing trend of direct-to-consumer (D2C) sales and social commerce platforms opens new avenues for businesses to connect with consumers directly. Partnerships between technology providers and retailers, along with investments in R&D, are essential for tapping into these opportunities and staying competitive in the digital commerce landscape.
Key Questions Answered in the Report:
- What are the primary factors driving the growth of the digital commerce applications market globally?
- Which industries and applications are driving the adoption of digital commerce solutions?
- How are technological advancements reshaping the competitive landscape of the digital commerce applications market?
- Who are the key players contributing to the digital commerce applications market, and what strategies are they employing to maintain market relevance?
- What are the emerging trends and future prospects in the global digital commerce applications market?
Competitive Intelligence and Business Strategy:
Leading players in the global digital commerce applications market, including Shopify, Adobe, and Salesforce, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced digital commerce solutions that cater to the diverse needs of industries and enhance customer experiences. Collaborations with technology providers and industry partners facilitate market access and support technology adoption. Moreover, an emphasis on data security, user-friendly interfaces, and omnichannel capabilities in product development enhances market growth and aligns with consumer preferences.
Key Companies Profiled:
- Tata Consultancy Services Limited
- International Business Machines Corporation
- Infosys Limited
- Salesforce.com, Inc.
- Cognizant Technology Solution Corporation.
- Oracle Corporation
- Visa Inc.
- Shopify Inc.
- Digital Turbine, Inc.
- Tencent Holdings Limited
Market Segmentation
By Industry
- Manufacturing
- Telecom, Media & Entertainment
- BFSI
- Retail & CPG
- Healthcare & Pharmaceutical
- Travel & Hospitality
- Energy, Resources & Utilities
By Application
- Financial
- Marketing
- Sales
- Service Operations
- Customer Services
- Order MGT
- Content MGT
- Inventory MGT
By Region
- North America
- Latin America
- Eastern Europe
- Western Europe
- APEJ
- Japan
- Middle East and Africa
Table of Contents
1. Executive Summary
2. Market Introduction
- 2.1. Market Definition
- 2.2. Market Taxonomy
3. Global Digital Commerce Applications Market Analysis
- 3.1. Market Size and Absolute $ Opportunity
4. Business Overview & Strategy
5. Market Dynamics
- 5.1. Drivers
- 5.2. Restraints
- 5.3. Regional Trends
- 5.4. Forecast Factors - Relevance and Impact
6. Global Digital Commerce Applications Market Analysis and Forecast, By End Use Industry
- 6.1. Introduction
- 6.1.1. Basis Point Share (BPS) Analysis By End Use Industry
- 6.1.2. Y-o-Y Growth Projections By End Use Industry
- 6.2. Market Size (US$ Bn) Forecast By End Use Industry
- 6.2.1. BFSI
- 6.2.2. Retail and CPG
- 6.2.3. Healthcare & Pharmaceutical
- 6.2.4. Telecom, media and entertainment
- 6.2.5. Manufacturing
- 6.2.6. Travel & Hospitality
- 6.2.7. Energy, resources and utilities
- 6.3. Market Attractiveness Analysis By End Use Industry
7. Global Digital Commerce Applications Market Analysis and Forecast, By Application
- 7.1. Introduction
- 7.1.1. Basis Point Share (BPS) Analysis By Application
- 7.1.2. Y-o-Y Growth Projections By Application
- 7.1.3. Comparative Analysis By Application
- 7.2. Market Size (US$ Bn) Forecast By Application
- 7.2.1. Financial
- 7.2.2. Marketing
- 7.2.3. Sales
- 7.2.4. Service operations
- 7.2.5. Customers Services
- 7.2.6. Order MGT
- 7.2.7. Content MGT
- 7.2.8. Inventory MGT
- 7.3. Market Attractiveness Analysis By Application
8. Global Digital Commerce Applications Market Analysis and Forecast, By Region
- 8.1. Introduction
- 8.1.1. Basis Point Share (BPS) Analysis By Region
- 8.1.2. Y-o-Y Growth Projections By Region
- 8.2. Market Size (US$ Bn) Forecast By Region
- 8.2.1. North America
- 8.2.2. Latin America
- 8.2.3. Western Europe
- 8.2.4. Eastern Europe
- 8.2.5. Asia Pacific Excl. Japan (APEJ)
- 8.2.6. Japan
- 8.2.7. Middle East and Africa (MEA)
9. North America Digital Commerce Applications Market Analysis and Forecast
- 9.1. Introduction
- 9.1.1. Basis Point Share (BPS) Analysis By Country
- 9.1.2. Y-o-Y Growth Projections By Country
- 9.2. Market Size (US$ Bn) Forecast By Country
- 9.2.1. U.S.
- 9.2.2. Canada
- 9.3. Market Size (US$ Bn) Forecast By End Use Industry
- 9.3.1. BFSI
- 9.3.2. Retail and CPG
- 9.3.3. Healthcare & Pharmaceutical
- 9.3.4. Telecom, media and entertainment
- 9.3.5. Manufacturing
- 9.3.6. Travel & Hospitality
- 9.3.7. Energy, resources and utilities
- 9.4. Market Size (US$ Bn) Forecast By Application
- 9.4.1. Financial
- 9.4.2. Marketing
- 9.4.3. Sales
- 9.4.4. Service operations
- 9.4.5. Customers Services
- 9.4.6. Order MGT
- 9.4.7. Content MGT
- 9.4.8. Inventory MGT
- 9.5. Market Attractiveness Analysis
- 9.5.1. By Country
- 9.5.2. By End Use Industry
- 9.5.3. By Application
10. Latin America Digital Commerce Applications Market Analysis and Forecast
- 10.1. Introduction
- 10.1.1. Basis Point Share (BPS) Analysis By Country
- 10.1.2. Y-o-Y Growth Projections By Country
- 10.1.3. Key Regulations
- 10.2. Market Size (US$ Bn) Forecast By Country
- 10.2.1. Brazil
- 10.2.2. Mexico
- 10.2.3. Argentina
- 10.2.4. Rest of Latin America
- 10.3. Market Size (US$ Bn) Forecast By End Use Industry
- 10.3.1. BFSI
- 10.3.2. Retail and CPG
- 10.3.3. Healthcare & Pharmaceutical
- 10.3.4. Telecom, media and entertainment
- 10.3.5. Manufacturing
- 10.3.6. Travel & Hospitality
- 10.3.7. Energy, resources and utilities
- 10.4. Market Size (US$ Bn) Forecast By Application
- 10.4.1. Financial
- 10.4.2. Marketing
- 10.4.3. Sales
- 10.4.4. Service operations
- 10.4.5. Customers Services
- 10.4.6. Order MGT
- 10.4.7. Content MGT
- 10.4.8. Inventory MGT
- 10.5. Market Attractiveness Analysis
- 10.5.1. By Country
- 10.5.2. By End Use Industry
- 10.5.3. By Application
11. Western Europe Digital Commerce Applications Market Analysis and Forecast
- 11.1. Introduction
- 11.1.1. Basis Point Share (BPS) Analysis By Country / Region
- 11.1.2. Y-o-Y Growth Projections By Country
- 11.1.3. Key Regulations
- 11.2. Market Size (US$ Bn) and Value (Units) Forecast By Country / Region
- 11.2.1. Germany
- 11.2.2. France
- 11.2.3. Italy
- 11.2.4. Spain
- 11.2.5. U.K.
- 11.2.6. Nordic
- 11.2.7. BENELUX
- 11.2.8. Rest of Western Europe
- 11.3. Market Size (US$ Bn) Forecast By End Use Industry
- 11.3.1. BFSI
- 11.3.2. Retail and CPG
- 11.3.3. Healthcare & Pharmaceutical
- 11.3.4. Telecom, media and entertainment
- 11.3.5. Manufacturing
- 11.3.6. Travel & Hospitality
- 11.3.7. Energy, resources and utilities
- 11.4. Market Size (US$ Bn) Forecast By Application
- 11.4.1. Financial
- 11.4.2. Marketing
- 11.4.3. Sales
- 11.4.4. Service operations
- 11.4.5. Customers Services
- 11.4.6. Order MGT
- 11.4.7. Content MGT
- 11.4.8. Inventory MGT
- 11.5. Market Attractiveness Analysis
- 11.5.1. By Country
- 11.5.2. By End Use Industry
- 11.5.3. By Application
12. Eastern Europe Digital Commerce Applications Market Analysis and Forecast
- 12.1. Introduction
- 12.1.1. Basis Point Share (BPS) Analysis By Country
- 12.1.2. Y-o-Y Growth Projections By Country
- 12.1.3. Key Regulations
- 12.2. Market Size (US$ Bn) Forecast By Country
- 12.2.1. Russia
- 12.2.2. Poland
- 12.2.3. Rest of Eastern Europe
- 12.3. Market Size (US$ Bn) Forecast By End Use Industry
- 12.3.1. BFSI
- 12.3.2. Retail and CPG
- 12.3.3. Healthcare & Pharmaceutical
- 12.3.4. Telecom, media and entertainment
- 12.3.5. Manufacturing
- 12.3.6. Travel & Hospitality
- 12.3.7. Energy, resources and utilities
- 12.4. Market Size (US$ Bn) Forecast By Application
- 12.4.1. Financial
- 12.4.2. Marketing
- 12.4.3. Sales
- 12.4.4. Service operations
- 12.4.5. Customers Services
- 12.4.6. Order MGT
- 12.4.7. Content MGT
- 12.4.8. Inventory MGT
- 12.5. Market Attractiveness Analysis
- 12.5.1. By Country
- 12.5.2. By End Use Industry
- 12.5.3. By Application
13. Asia Pacific Excl. Japan (APEJ) Digital Commerce Applications Market Analysis and Forecast
- 13.1. Introduction
- 13.1.1. Basis Point Share (BPS) Analysis By Country / Region
- 13.1.2. Y-o-Y Growth Projections By Country / Region
- 13.1.3. Key Regulations
- 13.2. Market Size (US$ Bn) Forecast By Country / Region
- 13.2.1. China
- 13.2.2. India
- 13.2.3. ASEAN
- 13.2.4. Oceania
- 13.2.5. Rest of APEJ
- 13.3. Market Size (US$ Bn) Forecast By End Use Industry
- 13.3.1. BFSI
- 13.3.2. Retail and CPG
- 13.3.3. Healthcare & Pharmaceutical
- 13.3.4. Telecom, media and entertainment
- 13.3.5. Manufacturing
- 13.3.6. Travel & Hospitality
- 13.3.7. Energy, resources and utilities
- 13.4. Market Size (US$ Bn) Forecast By Application
- 13.4.1. Financial
- 13.4.2. Marketing
- 13.4.3. Sales
- 13.4.4. Service operations
- 13.4.5. Customers Services
- 13.4.6. Order MGT
- 13.4.7. Content MGT
- 13.4.8. Inventory MGT
- 13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By End Use Industry
- 13.5.3. By Application
14. Japan Digital Commerce Applications Market Analysis and Forecast
- 14.1. Introduction
- 14.2. Market Size (US$ Bn) Forecast By End Use Industry
- 14.2.1. BFSI
- 14.2.2. Retail and CPG
- 14.2.3. Healthcare & Pharmaceutical
- 14.2.4. Telecom, media and entertainment
- 14.2.5. Manufacturing
- 14.2.6. Travel & Hospitality
- 14.2.7. Energy, resources and utilities
- 14.3. Market Size (US$ Bn) Forecast By Application
- 14.3.1. Financial
- 14.3.2. Marketing
- 14.3.3. Sales
- 14.3.4. Service operations
- 14.3.5. Customers Services
- 14.3.6. Order MGT
- 14.3.7. Content MGT
- 14.3.8. Inventory MGT
- 14.4. Market Attractiveness Analysis
- 14.4.2. By End Use Industry
- 14.4.3. By Application
15. Middle East and Africa Digital Commerce Applications Market Analysis and Forecast
- 15.1. Introduction
- 15.1.1. Basis Point Share (BPS) Analysis By Country / Region
- 15.1.2. Y-o-Y Growth Projections By Country / Region
- 15.1.3. Key Regulations
- 15.2. Market Size (US$ Bn) Forecast By Country / Region
- 15.2.1. GCC
- 15.2.2. South Africa
- 15.2.3. Israel
- 15.2.4. Rest of MEA
- 15.3. Market Size (US$ Bn) Forecast By End Use Industry
- 15.3.1. BFSI
- 15.3.2. Retail and CPG
- 15.3.3. Healthcare & Pharmaceutical
- 15.3.4. Telecom, media and entertainment
- 15.3.5. Manufacturing
- 15.3.6. Travel & Hospitality
- 15.3.7. Energy, resources and utilities
- 15.4. Market Size (US$ Bn) Forecast By Application
- 15.4.1. Financial
- 15.4.2. Marketing
- 15.4.3. Sales
- 15.4.4. Service operations
- 15.4.5. Customers Services
- 15.4.6. Order MGT
- 15.4.7. Content MGT
- 15.4.8. Inventory MGT
- 15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By End Use Industry
- 15.5.3. By Application
16. Competition Landscape
- 16.1. Competition Dashboard
- 16.2. Company Market Share Analysis
- 16.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 16.4. Global Players
- 16.4.1. Tata Consultancy Services Limited
- 16.4.2. International Business Machines Corporation
- 16.4.3. Infosys Limited
- 16.4.4. Salesforce.com, Inc.
- 16.4.5. Cognizant Technology Solution Corporation.
- 16.4.6. Oracle Corporation
- 16.4.7. Visa Inc.
- 16.4.8. Shopify Inc.
- 16.4.9. Digital Turbine, Inc.
- 16.4.10. Tencent Holdings Limited
17. Assumptions and Acronyms Used
18. Research Methodology
